tax in the Philippines - updates

Rappler's latest stories on tax in the Philippines

ARTICLE FINDER

Supreme Court affirms condo dues not subject to tax

Jun 18, 2020 - 4:35 PM

The Supreme Court says association dues and other assessment charges do not form part of a condominium corporation's gross income

NOT TAXABLE. The Supreme Court nullfied a 2012 Bureau of Internal Revenue circular which taxes association dues. File photo by LeAnne Jazul/Rappler

BIR: Online sellers earning less than P250,000 a year won't be taxed

Jun 17, 2020 - 1:39 PM

But they still need to register, or else face penalties, says the Bureau of Internal Revenue


BIR extends application for tax amnesty to December 31

Jun 16, 2020 - 8:30 PM

The Bureau of Internal Revenue extends amnesty application for tax delinquents from June 22 to the end of the year

EXTENDED. Application for tax amnesty is extended. File photo by Darren Langit/Rappler

Taxes and tax relief: How much do I owe the gov't?

Jun 09, 2020 - 12:52 PM

This webinar hosted by Project Lifeline will happen on Friday, June 12, at 2 pm

[OPINION] Taxes and the coronavirus pandemic: An open letter to lawmakers

May 02, 2020 - 9:00 PM

Lawmakers must end injustice by legislating tax policy reforms to help all businesses adjust to the new normal

Marcos says pushing for tax reform amid pandemic 'very bad timing'

Apr 23, 2020 - 9:26 PM

NEDA Acting Secretary Karl Chua says the comprehensive tax reform measures pending at the Senate should be passed to support the coronavirus war chest. But these reforms will not increase government revenue.

TAX REFORM? Long lines of shoppers buying necessities at a grocery store in Manila on March 12, 2020, due to possible lockdown as COVID-19 confirmed cases continues to rise. Photo by Inoue Jaena/Rappler

#AskTheTaxWhiz: Further extension of deadlines, suspension of BIR audit

Apr 13, 2020 - 9:30 PM

The Philippine Tax Whiz clarifies the implications of extending deadlines and suspending Bureau of Internal Revenue audits during the coronavirus lockdown

#AskTheTaxWhiz: Tax relief for taxpayers during the 'enhanced community quarantine'

Apr 04, 2020 - 3:15 PM

The Philippine Tax Whiz discusses the various Bureau of Internal Revenue circulars extending deadlines

BIR extends tax filing deadline to May 15

Mar 19, 2020 - 10:20 AM

The Bureau of Internal Revenue says the extension will lead to a shortfall in tax collections of around P145 billion


House approves bill hiking road users' tax starting 2020

Mar 10, 2020 - 10:28 PM

The proposed tax increases are expected to generate P9 billion that would go to the general fund for road safety and the Public Utility Vehicle Modernization Program

ROAD USERS' TAX. Bumper-to-bumper traffic is seen along Commonwealth Avenue in Quezon City on October 25, 2016. File photo by Joel Liporada/Rappler

Bill lowering corporate tax moves to Senate plenary

Feb 19, 2020 - 9:05 PM

The Department of Finance hopes Citira will hurdle the Senate before Congress goes on break by March 14

TAX REFORM. Workers in a manufacturing plant. Shutterstock photo

#AskTheTaxWhiz: Benefits from new law on alcohol, cigarette excise tax

Feb 05, 2020 - 7:00 PM

The Philippine Tax Whiz discusses the recently signed law raising excise tax on alcohol and tobacco products

Duterte signs new taxes on alcohol, e-cigarettes into law

Jan 22, 2020 - 10:07 PM

(UPDATED) Beer will be roughly P35 more expensive once the new tax rates kick in

New taxes on alcohol, tobacco await Duterte's signature

Dec 18, 2019 - 11:06 PM

But the bill won't bring significant revenues for the implementation of the Universal Health Care law as originally planned

HIGHER TAXES. The 18th Congress ratified the measure increasing alcohol and tobacco taxes. Stock photo

Duterte certifies as urgent bill increasing cigarette, alcohol taxes

Nov 12, 2019 - 3:55 PM

President Rodrigo Duterte says increasing taxes on cigarettes and alcohol would 'generate additional revenue' for universal health care

BALIKTARAN. Senator Pia Cayetano holds two packs of alcopop “Gaz” presenting the said product to the members of the senate. September 25, 2019. Photo by Angie de Silva/Rappler

House panel OKs bill increasing road users’ tax starting 2020

Nov 11, 2019 - 9:57 PM

House committee on ways and means chairperson Joey Salceda estimates the tax increases would yield P9 billion, which would help fund the PUV Modernization Program

TAX HIKE. Lawmakers are propsing to increase the taxes imposed on motor vehicle owners. File photo by Joel Liporada/Rappler

DOF not too keen on taxing salty products

Nov 08, 2019 - 5:20 PM

'Meron diyang food labeling types of intervention.... So nandoon palang ‘yung usapan, wala pang specific proposal para dito sa panukalang ito,' says Finance Assistant Secretary Tony Lambino

STUDYING. Finance Asec Tony Lambino says the government is still studying the proposed 'asin' tax. Photo by Angie de Silva/Rappler

After sugary drinks, DOH eyes tax on salty food

Nov 01, 2019 - 1:38 PM

(UPDATED) Philippine health officials mull over the measure following a recent report that Filipinos consume far more salt than the World Health Organization recommendation

Image from Shuttershock

#AskTheTaxWhiz: Things you should know about online businesses

Oct 23, 2019 - 9:19 AM

Do online businesses still need to register their business and pay taxes? How will the ongoing tax reforms affect them? The Philippine Tax Whiz answers these questions.

DOF backs more taxes for online gambling firms

Oct 22, 2019 - 6:57 PM

Finance Secretary Carlos Dominguez supports the plan of Albay Representative Joey Salceda to slap more taxes on Philippine Offshore Gaming Operators and their service providers

In a twist, PEZA now supports Citira bill

Oct 09, 2019 - 5:10 PM

The Philippine Economic Zone Authority Board changes its tune after a 'cordial' meeting and now backs the bill seeking to rationalize tax perks

Senate panel OKs bill increasing cigarettes, alcohol taxes

Sep 25, 2019 - 6:01 PM

If passed, the new set of taxes for alcohol and cigarette products will yield P40 billion to P50 billion in revenues

HIGHER TAXES. Senator Pia Cayetano introduces to the plenary Senate Bill No. 1074 seeking to increase alcohol and cigarette taxes. Photo by Angie de Silva/Rappler

#AskTheTaxWhiz: VAT exemptions, discounts for PWDs

Sep 20, 2019 - 9:00 PM

The Philippine Tax Whiz discusses the discounts available to persons with disabilities and which items are exempt from value-added tax

#AskTheTaxWhiz: What is a compromise settlement?

Sep 13, 2019 - 9:30 AM

The Philippine Tax Whiz discusses a method of lowering your tax liabilities the right way

[ANALYSIS] Will Duterte’s new tax measure kill foreign investments?

Sep 12, 2019 - 5:00 PM

Many other things could make or break our country’s attractiveness to investors. Citira's stricter investment incentives may be the least of our worries.

'Noisy naysayers' vs Citira bill proven wrong by numbers, says DOF

Sep 11, 2019 - 3:10 PM

Finance Undersecretary Karl Chua says the surge in investment pledges in the 1st half of 2019 refutes claims of critics of the proposed Corporate Income Tax and Incentive Rationalization Act

Finance Undersecretary Karl Kendrick Chua says naysayers of the Citira bill are proven wrong by numbers. Photo by Angie de Silva/Rappler

#AskTheTaxWhiz: How are investments taxed?

Sep 04, 2019 - 9:50 PM

The Philippine Tax Whiz discusses the taxes when trading in shares of stock

PEZA urges Congress not to 'tinker' with tax perks for investors

Sep 02, 2019 - 5:50 PM

PEZA Director General Charito Plaza says the current incentives are already 'globally competitive' and could help the Philippines attract investors as companies avoid the US-China trade war

Winemakers whining over proposed tax hike

Aug 29, 2019 - 5:50 PM

Wine companies say they only have a market share of 1%, and no matter how high taxes are raised, it would only be a 'drop in the bucket' for the government

Lacson: Philippines lost P82 billion in Chinese imports tax in 2017

Aug 29, 2019 - 5:20 PM

'May nakikinabang dito, Customs. So how about automation? Computerized na tayo pero there's no automation,' says the senator

BUDGET. Senator Panfilo Lacson at the briefing by the Development Budget Coordination Committee on the FY 2020 national expenditure program on August 29, 2019. Photo by Angie de Silva/Rappler

#AskTheTaxWhiz: How do I calculate how much estate tax to pay?

Aug 29, 2019 - 5:00 PM

You may have heard of estate tax amnesty, but what do you know about estate tax? Learn about it from the Philippine Tax Whiz.

Isko Moreno slashes Manila's real property tax by 20% in 2020

Aug 22, 2019 - 4:39 PM

The newly signed city ordinance, which takes effect on January 1, 2020, imposes a total of 40% reduction in real property tax in three years. It aims to increase Manila's revenue collection while easing the burden of paying tax obligations

NEW ORDINANCE. Manila Mayor Isko Moreno hopes to encourage businesses to set up shop in Manila. File photo by Lito Borras/Rappler

#AskTheTaxWhiz: Registering and updating TIN for employees

Aug 21, 2019 - 4:00 PM

No TIN yet? Changing employers? The Philippine Tax Whiz answers questions about TIN for employees.

Filipinos can now pay taxes online via PESOnet

Aug 20, 2019 - 8:30 PM

Paying taxes will just be a few clicks away, as the government launches a digital tax payment system


House OKs bill increasing taxes on alcohol, e-cigarettes starting 2020

Aug 20, 2019 - 6:00 PM

The new sin tax bill is the first measure to have successfully hurdled the House in the 18th Congress

House substitutes bill on alcohol tax hike to also include e-cigarette tax

Aug 14, 2019 - 10:25 PM

Just before it is approved on 2nd reading, the bill increasing taxes on alcoholic drinks is substituted with a new version that expands its coverage

#AskTheTaxWhiz: Computing tax for mixed income earners

Aug 07, 2019 - 7:00 PM

The Philippine Tax Whiz talks about mixed income earners and how they are taxed

Duterte approves higher excise tax for tobacco products

Jul 25, 2019 - 6:47 PM

Under the new law, excise tax on cigarettes will go up to P45 from P35 starting January 1, 2020, to be followed by more increases in succeeding years

Rappler file photo

#AskTheTaxWhiz: Filing of returns for withholding tax

Jul 10, 2019 - 5:35 PM

The Philippine Tax Whiz answers which form you should use for withholding tax

San Juan City fails to impose P736M in taxes on businesses

Jul 09, 2019 - 10:39 PM

The Commission on Audit says the city treasurer's office under-collects from 8 big corporate taxpayers

#AskTheTaxWhiz: Business style in official receipts

Jul 04, 2019 - 7:00 PM

The Philippine Tax Whiz answers what 'business style' refers to in official receipts

#AskTheTaxWhiz: Top questions on tax amnesty

Jun 26, 2019 - 9:40 PM

Still confused about tax amnesty? The Philippine Tax Whiz answers the most frequently asked questions.

#AskTheTaxWhiz: How do I avail of estate tax amnesty?

Jun 12, 2019 - 3:45 PM

The Philippine Tax Whiz discusses how you can finally transfer those long-overdue properties

#AskTheTaxWhiz: Handling books of accounts

Jun 05, 2019 - 5:30 PM

The Philippine Tax Whiz discusses the guidelines for handling books of accounts

Senate approves higher taxes on cigarettes, tobacco products

Jun 03, 2019 - 8:55 PM

The bill proposes a starting tax rate of P45 in 2020, followed by a series of annual P5 increases until the rate reaches P60 in 2023

Rappler file photo

#AskTheTaxWhiz: What does it mean to be a top withholding agent?

May 29, 2019 - 3:20 PM

The Philippine Tax Whiz answers the questions of a top withholding agent

Angara sponsors bill seeking to increase tobacco taxes

May 27, 2019 - 5:20 PM

The Senate ways and means committee report proposes a starting tax rate of P45 per cigarette pack in 2020, followed by a series of annual P5 increases until the rate reaches P60 in 2023

RISKS. WHO says long-term testing on heated tobacco was non-existent and voiced concern that promoting the products would ultimately see less people quit smoking. Rappler file photo

#AskTheTaxWhiz: What are the quarterly income tax returns?

May 22, 2019 - 7:50 PM

The Philippine Tax Whiz discusses why the 1st quarter ITR is important

#AskTheTaxWhiz: How do I avail of the tax amnesty on delinquencies?

May 01, 2019 - 2:00 PM

The Philippine Tax Whiz discusses the process for the tax amnesty on delinquencies, including the forms to use

#AskTheTaxWhiz: Documentary requirements for VAT-exempt medicines

Apr 26, 2019 - 4:00 PM

The Philippine Tax Whiz discusses the documentary requirements for VAT-exempt medicines